17
July
2022
|
17:00 PM
America/Chicago

AAA: Michigan Gas Prices Continue Downward Trend

The Michigan state average is down 18 cents from a week ago

DEARBORN, Mich., (July 18, 2022) - Gas prices in Michigan decreased 18 cents compared to last week. Michigan drivers are now paying an average of $4.63 per gallon for regular unleaded. This price is 56 cents less than this time last month but still $1.36 more than this time last year.

Motorists are paying an average of $69 for a full 15-gallon tank of gasoline; an increase of about $18 from when prices were their highest last November.

According to new data from the Energy Information Administration (EIA), gas demand dropped from 9.41 million b/d to 8.06 million b/d, while total domestic gas stocks increased by 5.8 million bbl. The decrease in demand, alongside declining oil prices, has helped to push pump prices down.

At the close of Wednesday's formal trading session, WTI increased by 46 cents to settle at $96.30 Although crude prices increased slightly due to the market expecting demand to remain robust throughout summer, longer-term market concerns about the potential for a recession due to rising interest rates and inflation created headwinds for oil prices earlier this week. Declining crude demand, due to reduced economic activity or continuing COVID-19-related lockdowns in China, could lead prices to follow suit. Additionally, EIA reported that total domestic crude stocks increased by 3.3 million bbl to 427.1 million bbl, which is nearly 11 million bbl lower than the storage level last year.

"Michigan motorists have seen pump prices drop 56 cents over the past month," said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. "If the recent supply/demand dynamics hold, drivers will likely continue to see pump prices decline."

Compared to last week, Metro Detroit's average daily gas price decreased. Metro Detroit's current average is $4.67 per gallon, about 21 cents less than last week's average but still $1.38 more than this same time last year.

Click here to view AAA's state and metro gas averages

  • Most expensive gas price averages: Marquette ($4.92), Ann Arbor ($4.74), Traverse City ($4.72)
  • Least expensive gas price averages: Benton Harbor ($4.50), Grand Rapids ($4.54), Flint ($4.61)


Find Local Gas Prices

  • Daily national, state, and metro gas price averages can be found at Gasprices.aaa.com
  • Motorists can find the lowest gas prices on their smartphone or tablet with the free AAA Mobile app. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance.

Ways to Save on Gasoline

  • Combine errands to limit driving time.
  • Shop around for the best gas prices in your community.
  • Consider paying cash. Some retailers charge extra per gallon for customers who pay with a credit card.
  • Remove excess weight in your vehicle.
  • Drive conservatively. Aggressive acceleration and speeding reduces fuel economy.
  • Enroll in savings programs. AAA Members who enroll in Shell's Fuel Rewards program can save 5 cents per gallon when they fill up at Shell. Click here for more information.


CURRENT AND PAST PRICE AVERAGES

Regular Unleaded Gasoline

Sunday

Saturday

Week Ago

Month Ago

One Year Ago

2021 Low

2021 High

Record High

National

$4.53

$4.55

$4.68

$5.00

$3.17

$2.25 (Jan. 1)

$3.42 (Nov. 5)

$5.02 (June 2022)

Michigan

$4.63

$4.65

$4.81

$5.19

$3.27

$2.17 (Jan. 10)

$3.43 (Nov. 7)

$5.22 (June 2022)

Detroit

$4.67

$4.70

$4.88

$5.29

$3.29

$2.20 (Jan. 7)

$3.40 (Nov. 6)

$5.31 (June 2022)

Click here to view current gasoline price averages

Gas Price Survey Methodology
Every day up to 130,000 stations in the nation and more than 4,200 stations in Michigan are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.

AAA updates fuel price averages daily at www.GasPrices.AAA.com.

About AAA - The Auto Club Group
AAA in Michigan celebrated its 100th Anniversary - A Century of Service in 2016 and has over 1.5 million members across the state. It is part of The Auto Club Group (ACG). Connect with us on Facebook and LinkedIn.

The Auto Club Group (ACG) is the second largest AAA club in North America with more than 13 million members across 14 U.S. states, the province of Quebec and two U.S. territories. ACG and its affiliates provide members with roadside assistance, insurance products, banking and financial services, travel offerings and more. ACG belongs to the national AAA federation with more than 62 million members in the United States and Canada. AAA's mission is to protect and advance freedom of mobility and improve traffic safety. For more information, get the AAA Mobile app, visit AAA.com, and follow us on Facebook, Twitter and LinkedIn.